Nokia CEO Stephen Elop and his opposite number at Microsoft, Steve Ballmer, were all smiles at today's debut of new Lumia smartphones. But Wall Street's first impression was less upbeat. Investors pushed down Nokia shares more than 13 percent amid questions about the company's ability to ship the new smartphones in volume duing the all-important fourth quarter.
Ambiguous comments by Elop during his keynote at the New York announcement suggested that Nokia may miss the holiday season in a lot of markets. Elop said the new Lumias would be sold in some select markets, but didn't get more specific about availability, pricing, or carriers. AT&T and T-Mobile sold the earlier Nokia models.
The Lumia 920 will run Windows Phone 8, the next version of Windows. Nokia also introduced a less-expensive Lumia, the 820. With Apple expected to unveil the iPhone 5 next week, it's even more important for Nokia to get this next generation of the Lumia line right, given the struggles it's faced trying to remain relevant in the smartphone game. The big question now is whether it can ship enough of the new smartphones to meet holiday demand.
LG and Sony will not support 3D in any of their televisions for 2017. The companies join Samsung and Vizio in dropping the third dimension of viewing.
by Iyaz Akhtar
Zuckerberg takes the stand, Seinfeld's new home at Netflix
Today's biggest tech stories include Mark Zuckerberg's testimony in a major lawsuit, Android 2.0 rumors pointing to a February release and Jerry Seinfeld's web series finding a new home at (you guessed it) Netflix.